Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus Rating of “Moderate Buy” from Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $246.80.

Several analysts recently issued reports on JLL shares. Raymond James lifted their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. UBS Group raised their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC raised its stake in shares of Jones Lang LaSalle by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 49 shares during the period. Tandem Capital Management Corp ADV raised its stake in Jones Lang LaSalle by 0.4% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider’s stock valued at $2,779,000 after acquiring an additional 55 shares during the period. CIBC Asset Management Inc raised its stake in Jones Lang LaSalle by 4.5% in the 2nd quarter. CIBC Asset Management Inc now owns 1,328 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 57 shares during the period. Nisa Investment Advisors LLC raised its stake in Jones Lang LaSalle by 0.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 21,529 shares of the financial services provider’s stock valued at $4,419,000 after acquiring an additional 84 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Jones Lang LaSalle by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock valued at $1,289,000 after acquiring an additional 96 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $263.36 on Friday. The company has a fifty day simple moving average of $244.22 and a 200 day simple moving average of $211.60. Jones Lang LaSalle has a 12-month low of $119.46 and a 12-month high of $265.63. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. The company has a market cap of $12.53 billion, a P/E ratio of 42.32 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm posted $0.50 EPS. Jones Lang LaSalle’s revenue was up 11.4% compared to the same quarter last year. Sell-side analysts predict that Jones Lang LaSalle will post 12.54 earnings per share for the current fiscal year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.